Mittal Life Style Limited has informed the Exchange regarding Outcome of Board Meeting held on May 06, 2026.
MITTAL · price
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The Board of Directors of Mittal Life Style Limited approved the allotment of 99,225 fully paid-up equity shares at Rs. 1.80 per share (including a premium of Rs. 0.80) via a preferential issue on a private placement basis. The total consideration amounts to Rs. 1,78,605. The shares were allotted to Ms. Priya Chidurala, an individual investor from the public non-promoter group. Post-allotment, the company's paid-up equity share capital increased from Rs. 44,39,00,775 (44,39,00,775 shares of Re. 1 each) to Rs. 44,40,00,000 (44,40,00,000 shares of Re. 1 each). Ms. Priya Chidurala now holds 0.02% of the expanded share capital. NSE had granted in-principle approval for this issue on April 27, 2026.
This is a small dilution event — only 99,225 new shares representing 0.02% of total capital. The impact on existing shareholders' stake is minimal. The Rs. 1.80 issue price is above face value (Re. 1), suggesting the placement was at a fair premium.